Watch List notes:

(x) Imperial Bank of Persia, colour trial 10 tomans, Teheran, ND (1924), no serial numbers, brown, pale orange and pale green, Shah Muzzafar-al-Din at right, value at centre and at each corner, two printed signatures below, reverse brown, value at centre and at left(Pick 14ct), red 'SPECIMEN WATERLOW & SONS LTD' in field, cancellation holes, some small stains and mounting traces, in PCGS holder 62, uncirculated and very rare.

Estimate: £1,800.00 - £2,200.00